SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):October 29, 1997
The Stanley Works
(Exact name of registrant as specified in charter)
Connecticut 1-5224 06-058860
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1000 Stanley Drive, New Britain, Connecticut 06053
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(860) 225-5111
Not Applicable
(Former name or former address, if changed since last report)
Exhibit Index is located on Page 4
Page 1 of 6 Pages
Item 5. Other Events.
1. On October 29, 1997, the Registrant issued a
press release announcing the hiring of a Vice President,
Operations. Attached as Exhibit 20(i) is a copy of the
Registrant's press release.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(c) 20(i) Press release dated October 29, 1997
announcing the hiring of a Vice President,
Operations.
Page 2 of 6 Pages
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized
THE STANLEY WORKS
Date: October 29, 1997 By: Theresa F. Yerkes
Name: Theresa F. Yerkes
Title: Vice President and
Controller
Page 3 of 6 Pages
EXHIBIT INDEX
Current Report on Form 8-K
Dated October 29, 1997
Exhibit No. Page
20(i) 5-6
Page 4 of 6 Pages
FOR IMMEDIATE RELEASE Exhibit (20)(i)
THE STANLEY WORKS ANNOUNCES HIRING OF JOHN A. COSENTINO, JR. AS
VICE PRESIDENT, OPERATIONS
New Britain, Connecticut, October 29, 1997 ... The Stanley Works
NYSE: "SWK" today announced that it has filled its key operations
management position, naming John A. Cosentino, Jr., 48 years old,
Vice President, Operations.
Mr. Cosentino most recently was Chief Executive Officer and co-
owner of two small manufacturing companies, until their sale in
1996. Previously, he was employed from 1990 through 1993 by
United Technologies Corporation (NYSE: "UTC") as President of
Otis Elevator's North American Operations. His accomplishments
included a transformation of the business, achieving performance
and profitability improvements in manufacturing, installation and
service. Lean manufacturing methods and systems implemented
under Mr. Cosentino's direction led to significant reductions of
costs, working capital, production work space and delivery time.
From 1987 through 1990, Mr. Cosentino was Group Executive at
Danaher Corporation (NYSE: "DHR"), responsible for all operations
of a group of six companies, including a mobile distributor of
mechanics' tools and manufacturers of automotive OEM components
and repair equipment. He introduced lean manufacturing methods
there as well.
Mr. Cosentino held numerous finance positions early in his
career. During ten years (1977-1987) at UTC, he was Chief
Financial Officer of Otis Elevator's Asia-Pacific Operations, and
was Chief Financial Officer of UTC's Automotive business. His
successes included the establishment of several successful Asian
joint ventures. A brief tenure as Chief Financial Officer of The
Black & Decker Corporation's Household Products Group preceded
his hiring by Danaher.
Commenting on the hiring of Mr. Cosentino, John M. Trani,
Chairman and Chief Executive Officer, stated: "John has an
impressive track record. He clearly has the ability, experience
and attitude we were looking for. Installing modern
manufacturing techniques and systems will be John's immediate
priorities. Working capital management, manufacturing excellence
and world class operating and financial performance are standards
he has always been measured by."
The Stanley Works, an S&P 500 component company, is a worldwide
producer of tools, hardware and door systems for professional,
industrial and consumer use.
Page 5 of 6 Pages
Contact: Gerard J. Gould
Director, Investor Relations and Communications
Tel.: (860) 827-3833
The Stanley Works corporate press releases are available through
PR Newswire's "Company News On-Call" service. By FAX: dial
1-800-758-5804, ext. 874363 or on the internet at:
http://www.prnewswire.com or http://www.StanleyWorks.com.
Page 6 of 6 Pages
